Prospective Buyers Flock to First New Large-Scale Development in 15 years on City Island

NEW YORK, Sept. 9, 2015 (GLOBE NEWSWIRE) -- Greystone, a New York-based real estate development and financial services company, announced today that "On the Sound" is 50 percent sold. The 43-unit waterfront condominium development located on the intimate enclave of City Island is being exclusively marketed by McClellan Sotheby's International Realty.

Designed by Kutnicki Bernstein Architects, On the Sound is a private gated community spread across five waterfront acres at 226 Fordham Place. On the Sound offers a mix of two-, three- and four-bedroom full-floor homes ranging in size from 1,407 square feet to 3,345 square feet with both private garage and driveway parking for each unit.

"We're excited about the sales progress for On the Sound on City Island," said Sona Davidian of McClellan Sotheby's International Realty. "We have had a mix of buyers from young couples that grew up in the area to empty nesters looking for a unique waterfront abode in close proximity to New York City."

On the Sound's private community amenities include a clubhouse, outdoor pool, playground, and fitness center. A public access esplanade with gazebo and park space on the waterfront will complement the property.

For more information about On the Sound, visit the dedicated sales office located at 634 City Island Avenue in City Island, or visit the website www.CityIslandLiving.com.

About Greystone

Greystone is a real estate lending, investment and advisory company headquartered in New York. Its property development group creates boutique luxury rental and condominium residences and prime quality commercial spaces in gateway cities such as New York and Miami, FL. For more information, visit www.greystonepd.com.

About McClellan Sotheby's International Realty

Established in 1878, McClellan Sotheby's International Realty is one of Westchester's oldest, largest and most successful real estate companies, with a local market share over 40%. In 2008 it became affiliated with the prestigious Sotheby's International Realty brand providing the company with the most comprehensive and individualized marketing opportunities and global relocation resources unrivaled by regional or national brokerage houses. The firm, which specializes in the sale and rental of single family, multifamily, condo and co-op apartments, also provides property management, estate appraisals and staging services. For more information, visit www.mcclellansir.com.

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